Google taps Hecate’s Texas PV project to feed global clean energy drive

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Source: Phil Roder, Flickr

Google has signed a deal for 250MW of solar energy from installations planned in Texas by Chicago-based developer Hecate Energy.

The deal will spur the construction of 500MW of new Hecate solar facilities in the southern state, in a project that is estimated to rack up costs of US$275 million.

The power purchase agreement (PPA) is part of a broader renewable energy procurement splurge unveiled by the internet giant in mid-September.

The technology firm has secured a raft of 18 global renewable energy deals totalling 1.6GW and spread across three continents. The spree – which it claims is its largest renewables purchase of all time – has doubled the firm's contracted global power volume, to 5.5GW. The majority of the 720MW worth of solar contracts secured by Google in the US are projects in Texas, at 490MW.

The deal with Hecate is the latest in a flurry of corporate solar procurement and investment activity in the Lone Star state. In September, Microsoft purchased 85MW of Texas solar energy from Engie and Honda bought 200MW from an unidentified Texan plant in a virtual PPA. For its part, Ikea outlet owner Ingka bought a 49% stake in a duo of projects, including one in Texas.

Texas is the sixth largest solar producer in the US, according to the Solar Energies Industry Association. The industry group estimates that the state will install 9,115MW over the next 5 years, making it the second fastest growing market in the US.

US solar prospects amid PPA uptake and a changing policy landscape will take centre stage at Solar Media's Solar & Storage Finance USA in New York on 29-30 October 2019.

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

PV Tech Premium
September 13, 2021
Following the release of the US Department’s Solar Futures Study, Liam Stoker assesses the downstream and upstream trends that must be realised for US solar to fulfil its potential.
September 13, 2021
The US House of Representatives has finally unveiled proposals which would extend the Solar Investment Tax Credit (ITC) for 10 years at 30%, but only for projects meeting certain labour conditions.
September 8, 2021
Solar PV could provide up to 40% of the US’ total power demand by 2035, but only if annual installations quadruple by the middle of the decade.
September 8, 2021
Online retail giant Amazon has signed a 10-year corporate power purchase agreement (PPA) in Japan with Mitsubishi Corporation for the output from 22MW of solar PV plants. 
PV Tech Premium
September 3, 2021
For years California, Texas and Florida have dominated the US solar market, but backed by the investment tax credit, strong state-specific renewables standards and falling costs, new states are coming to the fore. Molly Lempriere takes a look at what is driving them, and the hurdles they face if they are to challenge the ‘Big Three’.
September 2, 2021
A round-up of the latest news from the US solar market, including developments from Invenergy, SB Energy and RWE Renewables.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021